March
10, 2014 "Information
Clearing House
-Over the
decades various administrations, seeking to improve
their economic record, monkeyed with economic
statistics to the point that the statistics are no
longer meaningful.

According
to Friday’s (March 7) payroll jobs report, the US
economy created 175,000 new jobs in February. If you
believe that, I have a bridge in Brooklyn that I’ll
let you have at a good price.

Even if
175,000 jobs were created in February–remember now,
February was a cold month whose low temperatures are
used to explain poor housing and retail sales
performance, yet somehow created 40,000 more jobs
than needed to keep up with population growth–that
is an insufficient amount to drop the unemployment
rate.

To see how
screwed up US economic statistics are, consider the
reported unemployment rate (U.3) of 6.7 percent in
comparison with the fact that there are about 6
million Americans who have been unable to find a job
and are no longer counted as unemployed. These
millions of unemployed are not included in the
reported rate of unemployment.

John
Williams (shadowstats.com) reports that the true
rate of US unemployment is around 23 percent.

Rather than
examine the issue, the presstitute financial media
trumpets the government’s propaganda. In America
there is no more of a financial media, except for
Pam Martens and Nomi Prins, than a print and TV
media.

The
Economic Policy Institute reports that there are
1,360,000 unemployed men and women under 25,
2,8000,000 unemployed men and women aged 25-54, and
1,640,000 unemployed men and women 55 and over who
are not counted as unemployed, because they have
been unable to find a job after searching a long
time and have given up looking.

Just as
“your” government and “your” prostitute media lie to
you about Ukraine, Putin, Saddam Hussein, Gaddafi,
Iran, Pakistan, Yemen, Palestine, NSA, spying,
torture, 9/11, Obamacare, and literally everything
under the sun, “your” government lies to you about
the economy and hides from you the perilous state of
your economic existence. If you are not among the
One Percent, you have no future in America.

Let us have
a look at the 175,000 claimed jobs. Are these the
promised high-paying jobs of the “New Economy” that
Washington and its economists pimps guaranteed us
would take the place of the offshored manufacturing
and tradable professional service jobs?

Afraid not.
In the many years that I have been observing the
monthly payroll jobs reports and the BLS’s future
jobs projections, I have never seen even one of the
“New Economy” jobs. They simply do not exist. Yet,
the economics profession, an extremely deluded
collection of morons, still believes in these jobs.

Again–how
many times have I reported this same result–here are
the jobs of the “New Economy”:

Of the
175,000 jobs claimed, 13,000 are taxpayer-supported
government jobs.

Of the
162,000 private sector jobs claimed, a mere 22,000
or 13.6% are goods producing jobs of which 15,000 or
68% are in construction The other 140,000 are
service jobs.

Are these
service jobs the promised high-pay “New Economy”
jobs? No, but judge for yourself. 14,800 are jobs in
wholesale trade. Food and beverage stores accounted
for 12,000 new jobs. The Federal Reserve accounted
for 7,800 jobs in order to continue rigging every
financial market, thus replacing capitalism with
Federal Reserve Central Planning. Accounting and
bookkeeping services (it is tax time) gave the
economy a short-lived 15,700 jobs. There were 24,400
temporary help jobs. The old standby, education and
health services, delivered 33,000 jobs. Leisure and
hospitality produced 25,000 jobs of which 21,200 are
waitresses and bartenders who live on tips.

This has
been the jobs profile of the “world’s only
superpower” for the entirely of the 21st century.
Washington, wallowing in its arrogance and hubris,
is unconcerned with its economic base. Washington
believes its own propaganda about the (non-existent)
recovery and America’s economic power.

Consequently, the ignorant and stupid American
government is now challenging Russia with a
strategic intervention in Russia’s back yard.

Keep in
mind that the “superpower” was unable to occupy Iraq
after 8 years and has been defeated in Afghanistan
after 12 years of blowing up women and children,
weddings, funerals, health centers, aide workers,
farmers and their homes and villages, kid’s soccer
games. These deaths are the products of the
“superpower’s” infallible high technology which only
targets and kills “terrorists,” by which Washington
means everyone who resists American hegemony plus
all sorts of collateral damage such as kids’ soccer
games and weddings and funerals.

Now this
same, totally incompetent, “superpower” thinks it is
going to take over Ukraine and put US missile bases
on Russia’s southern border.

If the
utter fools behind this “policy of insanity”
actually go forward with it, life on the planet is
about to cease to exist.

No greater
threat to life on earth exists than the utter fools
in Washington.

The
American sheeple who belong in the streets more than
the people in any other country are content to suck
their thumbs while “their” government destroys not
merely their economic future but also the prospect
for life for themselves and their progeny.

Paul
Craig Roberts was Assistant Secretary of the
Treasury for Economic Policy and associate editor of
the Wall Street Journal. He was columnist for
Business Week, Scripps Howard News Service, and
Creators Syndicate. He has had many university
appointments. His internet columns have attracted a
worldwide following. His latest books are, The
Failure of Laissez Faire Capitalism and How America
Was Lost. http://www.paulcraigroberts.org/

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